Only when the tide goes out do we discover: a project with a market value of 10 billion was once a sandcastle built on liquidity, and a billion-dollar valuation in the primary market financing is merely an illusion of rising water.

Now even ETH has lost its power, and those altcoins that have plummeted over 95% are vividly illustrating the entire process of "dehydration" with candlestick charts.

What is the real bull market signal? When retail investors start to "blindly swipe and buy"—just like in 2021 when people voted with their feet, pushing every meme project to a market value of a billion.

In today’s market, even meme coins need to be carefully calculated; a valuation of tens of millions requires significant sacrifices. Is this a problem of project quality? It is clearly a survival game in a liquidity vacuum.

Remember this equation: Federal Reserve printing machine starts = crypto market heartbeat revival. The current collective dormancy of altcoins is just a brief hibernation of capital outside the high-interest wall.

When the dollars from Wall Street flood again, you will find—that today's "junk" and yesterday's "gold" have always been the same batch of assets wearing different liquidity masks. $BTC $ETH #币安LaunchpoolSXT #Strategy增持比特币